Market Overview: Darien, CT

Single Family Properties




April Headlines
Darien
  • 3-month unit sales are down 21.4% to 44.
  • Inventory in April was 250. This is up 12.1% from 223 in April of 2017.
  • New listings are up by 24.5%.
Nearby Areas You May Be Interested In
  • Unit sales in Greenwich in April were 50. This is up 66.7% from 30 in April of 2017.
  • New listings in Greenwich are up by 35.9%.
  • Price per square foot in Norwalk is down 24.4% to $225.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending April, 2018% Chg From Apr, 2017
Unit Sales 44 -21.4%
Inventory 235 14.1%
Months of Supply 9.7 2.7%
Sales to List Price Ratio 94.9% -1.9%
New Listings 188 9.3%
Changes Favoring Sellers
3 Months Ending April, 2018% Chg From Apr, 2017
Median Sale Price $1,480,000 3.3%
Market Time (Days) 121 -4.7%
Price per Sq Ft for Sold $512 6.7%
Click here to see monthly and longer-term averages.

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Sales
There were 24 unit sales in April. This is up 4.3% from 23 in April of 2017. This is the highest unit sales have been since 41 in August, 2017. Sales/list price ratio in April moved up to 96.1% from 95.6% in March.

Prices
Median price in April was $1,633,750. This is up 13.3% from $1,442,500 in April of 2017. This is the highest median price has been since November, 2017. 3-month median price of $1,480,000 in April was up slightly from $1,236,250 in March and very slightly up from $1,432,500 in April of 2017. Price per square foot in April was $517. This is up from $513 in March and up from $468 in April of 2017.

Inventory
Inventory of 250 in April was up 7.8% from 232 in March and up 12.1% from 223 in April of 2017. New listings of 61 in April were up just slightly from 59 in March and up somewhat from 49 in April of 2017. Months of supply of 10.3 in April was up a little from 9.6 in March and up just slightly from 10.2 in April of 2017. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since May, 2017.

Market Time
Days on market of 100 in April was way down from 157 in March but up a little from 91 in April of 2017. This is the lowest days on market has been since August, 2017.


Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Redding 22.06%
Norwalk 17.24%
Bridgeport 16.33%
Stratford 13.64%
New Fairfield 10.67%
Newtown 9.00%
New Canaan 6.16%
Stamford 4.88%
Danbury 4.44%
Greenwich 3.61%
Data From: DARMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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